Dr. Joann Rolle has over 30 years of experience in government, corporate, and higher education. She is currently the Dean of the School of Business at Medgar Evers College. The document discusses how technology like AI, cloud computing, 3D printing, and virtual reality will lead to a more diverse and inclusive economy with entrepreneurial teams producing for niche markets. It then summarizes a Congressional report on the post-Covid unemployment rates, noting rates peaked in April 2020 at 14.8% before declining but remaining elevated, with certain industries and demographics like young workers and racial minorities facing relatively high unemployment. The document concludes that the future of work is global, diverse, and inclusive, and more needs to be done

1. The Future of Work
& ENTREPRENEURSHIP FOR THE UNDERSERVED
JOANN ROLLE, PH.D.

2. About the presenter
 Dr. J. D. Rolle (PhD) has over 30 years of experience in government, corporate and
higher education. She is a former IBM Visiting Professor, Harvard Administrative
Fellow, and consultant in entrepreneurship. Dr. Rolle is currently the Dean of the
School of Business at Medgar Evers College, City University of New York.

3. The Future of Work
 There is hope for an economy of diversity and inclusion of a broad base of talent
using technology such as artificial intelligence, Cloud Computing, 3D printing, Virtual
Reality, and later, Augmented Reality. Instead of cloning homogenous labor forces
to support the demands of mass production, more diverse, creative and agile
entrepreneurial teams or persons will cost effectively produce for niche markets --
even as small as units of one (Reynolds, 201; Hemant Taneja, 2018; Rolle et al., 2017,)

4. The Future of Work –
Post Covid Unemployment Report *
• The unemployment rate peaked at an unprecedented level, not seen since data collection started in 1948, in April 2020 (14.8%) before declining
to a still- elevated level in December (6.7%).
• In April, every state and the District of Columbia reached unemployment rates greater than their highest unemployment rates during the Great
Recession.
• In the early months of the recession, unemployment was concentrated in
industries that provide in-person services. Notably, the leisure and hospitality industry experienced an unemployment rate of 39.3% in April, before
declining to 16.7% in December. While rates for service industries remain elevated, other industries with loose attachment to in- person services are
now experiencing high rates. For example, the mining industry exhibited an unemployment rate of 13.1% in December, the second highest observed
among all industries.
• Part-time workers experienced an unemployment rate almost twice that of their full-time counterparts in April (24.5% vs. 12.9%), but this gap has
since effectively closed.
• Workers without a college degree experienced worse unemployment rates in April (e.g., 21.2% for workers with no high school degree) than
workers with a Bachelor’s degree or higher (8.4%). The gap between educated and less-educated workers remained in December.
• Teenaged women experienced an unemployment rate of 36.6% in April, and teenaged men, 28.6%; compared with 13.7% for women and 12.1%
for men ages 25-54. The gap between men and women has since narrowed overall, but young workers are still experiencing relatively high rates of
unemployment.
• Racial and ethnic minorities had relatively high unemployment rates in April (16.7% for Black workers compared to 14.2% for White workers, and
18.9% for Hispanic workers compared to 13.6% for non-Hispanic workers), and these gaps persisted in December.
 *Congressional Research Service Report R46554 – January 12, 2021

5. The Future of Work is global,
diverse & inclusive
• The World is flat and the need for collaboration in innovation
• The Future of Work & Entrepreneurship is transforming for the masses
• We need more job creators for the new world economy
• How can we help the many accelerate wealth creation - globally?

6. Thank you!